-Taking the clue from global mkt , sensex and nifty trading at flat range, yest Dow jones close with moderate gain 20.56 pts and closed on 13346.8, while Nasdaq closed 16 pts down to 2546.
-currently nifty and sensex trading at flat
-dabur india trading higher side, yest i was given buy for long term , it is very good price to buy at cutrrent rate in such mkt
-the mood may remain as such , profit booking cannot denied , it is better to hav some cash in hand so that in dips we can buy more shares to make avg
-FIIs pressed sales to the tune of Rs 336.20 crore on Friday 11 May 2007, their biggest daily outflow this month so far
-mkt may witness correction
decan aviation trading lower
-Indiabulls Real Estate's subsidiary buys land in Goa
On 15 May 2007, Indiabulls Real Estate said its wholly-owned subsidiary, Diana Buildwell had acquired a 21 acres of sea-facing hotel property at Goa, from Sterling Holiday Resorts India.
on dip good to buy
Monday, May 14, 2007
MARKET ROUNDUP FOR 14TH MAY 2007
As mention morninig the stock indices and overall mkt ended on firm note. Suggesting party is not over yet.The market surged today on firm global markets, strong Q4 March 2007 results announced by the State Bank of India (SBI) on Saturday 12 May 2007, and on prospects of political stability in Uttar Pradesh. But the Sensex came off the higher level after an initial 229.86-point rally that took it above 14,000 to 14,026.02. BSE clocked a turnover of Rs 4117 crore compared to Rs 4446.79 crore on Friday, 11 May 2007
Where as nifty closed on 4134.30 net gain of 1.41%
Stocks which are in limelight are - SBI, TATA STEEL, GUJ AMBUJA CEM, RELIANCE IND, RELIANCE CAPITAL
HIGHLIGHTS OF THE MARKET
-Major gainer Matrix lab moved up by rs 23.75 to 224.15 rise of 11%(see todays live mkt sectionb for matrix labs report)
-reliance capital rose to 815.50 rise of 3.26%, i hav given 1000 target foir long term
-my another stock Guj ambuja cem rose 123.70 gain of 3.47% on good monsoon report
-Praj ind- rose 6% to 498 level , it is performing very good
-Moser baer infact declined today to 378.65 level
-Reliance petro stock had come in limelight and moved 6.31%up at 91.80 level, this is long term share, on dip keep buying , 3yrs hav to wait
STOCK TO WATCH-
Matrix labs- The counter saw volumes of 4.92 lakh shares on BSE
Mylan Laboratories is now the foreign promoter of Matrix Laboratories, holding 71% stake in it.
The Pennsylvania-based pharma company Mylan is paying more than its own market value to buy a unit with annual sales almost double its own. It outstripped Teva Pharmaceuticals Industries of Israel, the world's largest maker of generic drugs, in a four-month battle. In August 2006, Mylan acquired a 51% stake in Matrix Laboratories from promoter N. Prasad and a couple of investment outfits. This riggered an open offer for acquiring an additional 20% stake in Matrix. The offer, at Rs 306 per share, closed on 11 December 2006. It suffered steep fall of 85.10% in net profit to Rs 6.66 crore in the quarter ended December 2006 compared with Rs 44.70 crore in the corresponding quarter of 2005. Net sales, too, dipped 1.80% to Rs 174.06 crore, from Rs 177.34 crore.
it has good company and created lots of wealth for investors, yesterdays news had played good punch for the stock. Mylen lab fourth largest generic drug player in the world market got Mercks generic business for $6.6bn , The deal follows Mylan's recent $736m acquisition of a 71.5% stake in Indian-based drug ingredient maker Matrix Laboratories. So Matrix got the new market which will beneficial for company, If Mylan can bet on Matrix why not we retail investors . .
Dabur pharma- Stock has gone down today to 89.90, the support of 92 was broken , good to buy at current level, company had given robust qurter, so decline is only new opportunity to enter the stock.
Where as nifty closed on 4134.30 net gain of 1.41%
Stocks which are in limelight are - SBI, TATA STEEL, GUJ AMBUJA CEM, RELIANCE IND, RELIANCE CAPITAL
HIGHLIGHTS OF THE MARKET
-Major gainer Matrix lab moved up by rs 23.75 to 224.15 rise of 11%(see todays live mkt sectionb for matrix labs report)
-reliance capital rose to 815.50 rise of 3.26%, i hav given 1000 target foir long term
-my another stock Guj ambuja cem rose 123.70 gain of 3.47% on good monsoon report
-Praj ind- rose 6% to 498 level , it is performing very good
-Moser baer infact declined today to 378.65 level
-Reliance petro stock had come in limelight and moved 6.31%up at 91.80 level, this is long term share, on dip keep buying , 3yrs hav to wait
STOCK TO WATCH-
Matrix labs- The counter saw volumes of 4.92 lakh shares on BSE
Mylan Laboratories is now the foreign promoter of Matrix Laboratories, holding 71% stake in it.
The Pennsylvania-based pharma company Mylan is paying more than its own market value to buy a unit with annual sales almost double its own. It outstripped Teva Pharmaceuticals Industries of Israel, the world's largest maker of generic drugs, in a four-month battle. In August 2006, Mylan acquired a 51% stake in Matrix Laboratories from promoter N. Prasad and a couple of investment outfits. This riggered an open offer for acquiring an additional 20% stake in Matrix. The offer, at Rs 306 per share, closed on 11 December 2006. It suffered steep fall of 85.10% in net profit to Rs 6.66 crore in the quarter ended December 2006 compared with Rs 44.70 crore in the corresponding quarter of 2005. Net sales, too, dipped 1.80% to Rs 174.06 crore, from Rs 177.34 crore.
it has good company and created lots of wealth for investors, yesterdays news had played good punch for the stock. Mylen lab fourth largest generic drug player in the world market got Mercks generic business for $6.6bn , The deal follows Mylan's recent $736m acquisition of a 71.5% stake in Indian-based drug ingredient maker Matrix Laboratories. So Matrix got the new market which will beneficial for company, If Mylan can bet on Matrix why not we retail investors . .
Dabur pharma- Stock has gone down today to 89.90, the support of 92 was broken , good to buy at current level, company had given robust qurter, so decline is only new opportunity to enter the stock.
live market-14th may 2007
-mkt likely to trade firm
-reliance capital 800 above , 1000 target is firm
-jstainless qurtely audited results are in june , hold till result, long term target incresed till 170
-dabur has consolidated around 93-98 good to buy at current level , and go long
-nifty support at 3900 level
-foreign mkt are strong on friday , mood on dalal street will stay positive for today
-Pratibha Industries Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from June 13, 2007 to June 20, 2007 for the purpose of payment of final dividend and 12th Annual General Meeting of the Company to be held on June 20, 2007.
-cipla - below 205 strat buying for lonbg term , not given good qurter , in one year can give good return
-mkt in afternoon expect to trade strong , last hr may be volitile
time to book profit in amara raj battery
-matrix lab gone up nearly 11%, it has good company and created lots of wealth for investors, yesterdays news had played good punch for the stock. Mylen lab fourth largest generic drug player in the world market got Mercks generic business for $6.6bn , The deal follows Mylan's recent $736m acquisition of a 71.5% stake in Indian-based drug ingredient maker Matrix Laboratories. So Matrix got the new market which will beneficial for company, If Mylan can bet on Matrix why not we retail investors . Here is some figures of matrix labs
Yearly High lows
year high low
2007 237.9 149
2006 312.8 184
2005 2565 143.1
2004 2480 1246.4
2003 1566.55 192.8
currently trading at223.03(nse) looks somewhat higher side , but stock is always good to bet
below 180 good buy, surely hit 300 level, analyse and invest
-reliance capital 800 above , 1000 target is firm
-jstainless qurtely audited results are in june , hold till result, long term target incresed till 170
-dabur has consolidated around 93-98 good to buy at current level , and go long
-nifty support at 3900 level
-foreign mkt are strong on friday , mood on dalal street will stay positive for today
-Pratibha Industries Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from June 13, 2007 to June 20, 2007 for the purpose of payment of final dividend and 12th Annual General Meeting of the Company to be held on June 20, 2007.
-cipla - below 205 strat buying for lonbg term , not given good qurter , in one year can give good return
-mkt in afternoon expect to trade strong , last hr may be volitile
time to book profit in amara raj battery
-matrix lab gone up nearly 11%, it has good company and created lots of wealth for investors, yesterdays news had played good punch for the stock. Mylen lab fourth largest generic drug player in the world market got Mercks generic business for $6.6bn , The deal follows Mylan's recent $736m acquisition of a 71.5% stake in Indian-based drug ingredient maker Matrix Laboratories. So Matrix got the new market which will beneficial for company, If Mylan can bet on Matrix why not we retail investors . Here is some figures of matrix labs
Yearly High lows
year high low
2007 237.9 149
2006 312.8 184
2005 2565 143.1
2004 2480 1246.4
2003 1566.55 192.8
currently trading at223.03(nse) looks somewhat higher side , but stock is always good to bet
below 180 good buy, surely hit 300 level, analyse and invest
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